Moneyweb Crypto Liquidators are encouraging MTI members to lodge claims, saying they will not be asked to pay contributions to the insolvent estate. Some of MTIs leaders are believed to have made hundreds of millions from the scheme. Image: Luke MacGregor/Bloomberg Collapsed bitcoin scheme Mirror Trading International (MTI) was placed in final liquidation this week…
James Prentice, 41, from South Devon, was sentenced to 6 months imprisonment suspended for 2 years, ordered to carry out 150 hours of unpaid work and ordered to pay compensation of 4,500 to his victims. Exeter Crown Court heard Prentice was declared bankrupt in December 2014 and although he could continue working as a builder…
SUDBURY — The Northern Ontario School of Medicine has received full accreditation of its MD program. The accredidation review was the first in Canada to be performed via virtual visit due to the COVID-19 pandemic. I congratulate NOSM faculty, staff and students who worked hard to maintain full accreditation of the MD program, said Dr.…
Law360 (June 30, 2021, 6:21 PM EDT) — An Oklahoma federal judge has granted final approval of a $1.75 million class action settlement and allowed $583,000 in attorney fees over Yodel Technologies LLC making non-consensual robocalls for a home security company, violating the Telephone Consumer Protection Act. Robert H. Braver sued Northstar Alarm Services LLC…
Liquidators and auctioneers saw a booming business during the Covid-19 pandemic even as other companies faced financial distress. Many floundering businessesincluding Century 21 Department Stores and Christopher & Banks Inc. to Loves Furniture Inc.were forced to sell off their inventory, equipment and other assets, often in bankruptcy. The large volume of business owners assets that…
SUDBURY — The Northern Ontario School of Medicine has received full accreditation of its MD program. The accredidation review was the first in Canada to be performed via virtual visit due to the COVID-19 pandemic. I congratulate NOSM faculty, staff and students who worked hard to maintain full accreditation of the MD program, said Dr.…
Problem debt can leave you feeling hopeless and alone with nowhere to turn but there are always options available. This weekend, Newstalk is teaming up with the Insolvency Service of Ireland (ISI) to encourage people to take that first step towards freedom from debt. Established in 2013 to support people facing personal insolvency, the ISI…
Many investors, including PE firms, are waiting with bated breath to see how the UK economy, currently dependent on COVID-19-related government support, will respond once that stimulus is withdrawn. An increase in UK company insolvencies is expected, creating opportunities for savvy investors to acquire businesses at bargain prices, while at the same time appearing to…
The Insolvency Service of Ireland has warned the economic impact of Covid-19 may exacerbate the issue of unsustainable debts and create new debt problems for others, especially when the existing emergency financial support measures are cut. The ISI said the personal insolvency framework remained operational and continued to be available to those who needed it…
When the bankruptcy code was brought in five years ago, there was much hope, not only in India but in the entire global business community. No wonder the very next year, Indias ranking in the Ease of Doing Business shot up from 108 to 52. However, after five years, except for a few big-ticket hits,…